Putting up taxes has not worked for the government. We need growth.

Is it morally right that the rich pay more tax? Ruth Porter discussed this with Tim Leunig on the Jeremy Vine show.

Ruth argued that Nick Clegg needs to make his mind up. Either he wants economic growth or he wants to bash bankers. We have culture where we don't value businesses which are crucial for growth.

More tax rises act as a disincentive to grow and it is crazy to think more of these would increase growth. Unless we find a way of encouraging businesses to grow we're not going to have enough money for the prosperous society Nick Clegg claims he wants.